Covid-19 and the challenges associated with it are facing a second wave. That is not all, but there is the prospect of a Brexit and a threat of recession. It would be forgivable not to be at the top of the law. Watch our video on demand in which we discussed Brexit and changes to intellectual property, as well as changes to consumer and trade law. A commercial lease is used by a tenant to rent space for a business, while rent is used by a tenant to rent a house or premises where they can reside personally. Commercial leases are generally considered contracts between competent businessmen. As a result, tenants of commercial real estate are less protected by the state than tenants of dwellings. Since the parties are competent businessmen, the underlying belief is that they should be able to negotiate the terms of the lease to their liking. In keeping with this idea, parties to a commercial lease generally have more bargaining power and negotiation than parties to a residential rent. Many commercial tenancy contracts are “cancelled” by the guarantee agreement of the Landlords and Tenants Act of 1954, which means that a tenant does not have the legal right to apply for a renewal contract when the term of the contract expires. The procedure requires a landlord to issue a warning to a tenant and the tenant to sign a statement confirming that he has read the notice and accepts a contractual tenancy agreement. This procedure must be carefully followed to ensure that a lease is awarded as intended, there are a number of things that a lawyer will check to ensure that a statement is sent to the correct address and that the explanation has been duly sworn, regardless of whether certain things have to be taken into account: having witnesses to a lease is a double-edged sword.
You should keep in mind that if there is a dispute over the circumstances in which a lease is signed, a witness you choose, you will end up supporting a version of facts that do not correspond to your own position. Your right or the right of your landlord to terminate a lease and your right to stay and be safe from eviction depend on the type of lease you have. You have obtained a new lease to sign a commercial property that you own.